Iran (IRN) and Saudi Arabia (SAU) Trade | The Observatory of Economic Complexity

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Iran-Saudi Arabia Trade: In 2023, Iran exported $247k to Saudi Arabia. The main products that Iran exported to Saudi Arabia were Packaged Medicaments ($217k), Medical Instruments ($29.5k), and Trunks and Cases ($409). Over the past 6 years the exports of Iran to Saudi Arabia have decreased at an annualized rate of 19.2%, from $891k in 2017 to $247k in 2023.

In 2023, Iran did not export any services to Saudi Arabia.

Saudi Arabia-Iran Trade: In 2023, Saudi Arabia exported $251k to Iran. The main products that Saudi Arabia exported to Iran were N/A. Over the past 6 years the exports of Saudi Arabia to Iran have decreased at an annualized rate of 67.8%, from $72.8M in 2017 to $251k in 2023.

In 2023, Saudi Arabia did not export any services to Iran.

Comparison: In 2023, Iran ranked 58 in the Economic Complexity Index (ECI 0.084), and 92 in total exports ($13.2B). That same year, Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Iran exported $247k to Saudi Arabia. The main products exported from Iran to Saudi Arabia were Packaged Medicaments ($217k), Medical Instruments ($29.5k), and Trunks and Cases ($409). During the last 6 years the exports of Iran to Saudi Arabia have decreased at an annualized rate of 19.2%, from $891k in 2017 to $247k in 2023.

In 2013, Saudi Arabia exported $251k to Iran. There were not main exports from Saudi Arabia to Iran in 2013. During the last 5 years the exports of Saudi Arabia to Iran have decreased at an annualized rate of 67.8%, from $72.8M in 2018 to $251k in 2013.

Exports from Iran () to Saudi Arabia () (2023)

Exports from Saudi Arabia () to Iran () (2023)

Latest Data

Trade between Iran () and Saudi Arabia ()

Saudi Arabia Exports

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iran
Top DestinationChina$4.59B

Saudi Arabia
Top DestinationChina$64.4B

This map shows whether countries import more from Iran or Saudi Arabia. Each country is colored based on the difference in imports they receive from Iran and Saudi Arabia or the difference in the growth in imports.

In 2023, countries that imported more from Iran than Saudi Arabia included Armenia ($597M), Azerbaijan ($473M), and Uzbekistan ($326M).

In 2023, countries that imported more from Saudi Arabia than Iran included China ($64.4B), Japan ($34.7B), and India ($34.8B).

Difference in imports from Saudi Arabia () and Iran () (2023)

Comparative Advantage Iran - Saudi Arabia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Iran and Saudi Arabia by product, considering products traded by both, Iran and Saudi Arabia.

During 2023, Iran had a large net trade with Saudi Arabia in the exports of Chemical Products ($217k), Instruments ($29.5k), and Animal Hides ($409).

During 2013, Saudi Arabia had a large net trade with Iran in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Iran Saudi Arabia+$6.29kEthylene Polymers

Top Product Potential Saudi Arabia Iran+$6.76kRefined Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Iran and Saudi Arabia. This means that a dot/product with the flag of Iran indicates it has a comparative advantage over Saudi Arabia. Similarly, a dot/product with the flag of Saudi Arabia indicates it has a comparative advantage over Iran.

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Historical Data

Bilateral Trade by Products

Exports from Iran () to Saudi Arabia () (2023)

Exports from Saudi Arabia () to Iran () (2023)

Latest Data

Trade between Iran () and Saudi Arabia ()

Saudi Arabia Exports

Market Competitiveness

Difference in imports from Saudi Arabia () and Iran () (2023)

Comparative Advantage Iran - Saudi Arabia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Iran () and Saudi Arabia () (2023)

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